Global sugar production expected to register surplus of R$4.7 million in 2024/25, according to Czarnikow

Published 2024년 10월 29일

Tridge summary

Czarnikow, a UK-based sugar and ethanol company, has revised its forecast for the global sugar surplus in the 2024/25 season, increasing it slightly from 4.5 million metric tons to 4.7 million metric tons. This revision is attributed to an improved production outlook in Colombia, with the company now projecting supply for the 2024/25 season to reach 184.7 million tons, up 0.4 million from the previous forecast. Despite this, global consumption for the same season is expected to grow slightly to 180.0 million tons, up 0.3 million from the previous forecast.

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Original content

British sugar and ethanol company Czarnikow has slightly raised its forecast for a global sugar surplus in the 2024/25 season to 4.7 million metric tons, driven by an improved production outlook in Colombia. The company had previously projected a surplus of 4.5 million, but saw supply in the 2024/25 season increase to 184.7 million tons, up 0.4 million from its previous projection and well above the 181.5 million from the previous season. “The slight increase in our global production forecast follows revisions made to our estimate for Colombia, where we expect sugar production to recover next season,” ...

Source: BRMoneytimes